By John Cavanagh
The end result of a five-year undertaking by way of the overseas discussion board on Globalization (IFG), this publication offers an inspiring plan for relocating towards extra sustainable, humanistic types of monetary prosperity with an emphasis on citizen democracies, neighborhood self-sufficiency, and ecological health and wellbeing. components of debate contain the 10 center standards for democratic societies in addition to replacement structures of strength, agriculture, and production. Written via a superior workforce of 18 thinkers from worldwide and edited by means of best-selling authors John Cavanagh and Jerry Mander, this revised and extended variation represents the respectable consensus of the residing democracy move. Delving into the main compelling possible choices to globalization so far, it encompasses a chart at the results of globalization and 3 completely new chapters at the worldwide stability of energy, the media, and what usual humans can do approximately globalization.
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Additional info for Alternatives to Economic Globalization: A Better World Is Possible
Morgan-Chase, the second-largest bank in the United States, which was implicated in the Enron scandal, has been awarded a contract to run a consortium of thirteen banks from thirteen countries that will constitute the Trade Bank of Iraq. The Trade Bank may be just the point of entry for J. P. Morgan, giving it “ﬁrst dibs” on the full privatization yet to come. • Bremer Order No. 37 implements a ﬂat tax in Iraq by providing for a marginal income tax rate of 15 percent for both corporations and individuals.
S. invasion. –Middle East Free Trade Area (MEFTA). Iraq will be a charter member. 14 alternatives to economic globalization native approaches, such as are contained in this book, that do not project power globally but root it locally. The viability of complex systems depends on localizing decision making and keeping interdependence within manageable limits. Elite globalization has created an unstable and ultimately self-destructive system, because it ignores this essential principle. The crisis of social and environmental system failure can be resolved only by the decentralization of power and control based on the principles of partnership and community.
We could wind up with Mitsubishi running social security, Bechtel controlling the world’s water, Deutschebank running the jails (and maybe the parks), Disney running the British Broadcasting Corporation, Merck running the Canadian health care system. It sounds far-fetched, but the threat is real. There is also the commodiﬁcation of money itself. Right now, the overwhelming majority of global transactions under the free trade system are not 38 a system in crisis in goods and services but are ﬁnancial.
Alternatives to Economic Globalization: A Better World Is Possible by John Cavanagh